Now there was a time where you could go to the bank and you could redeem 35 for 35 ounces of gold and this was done so that banks didn't get too powerful because the idea was that banks would only be able to lend what they had on Hand but without a commodity like gold backing the dollar this...
Read moreFor months the mainstream media and Washington Pols have been pushing the metaphor that the US economy is a plane on its final approach to a ‘soft landing’. Soft landing is defined as inflation steadily coming down to the Federal Reserve’s goal of a 2% price level AND does so without provoking a recession. However, as revealed by the inflation statistics...
Read moreVeronique de Rugy President Joe Biden wants to remind you that your Super Bowl party was more expensive than it used to be. The reason, he claims, is corporate greed and “shrinkflation.” In a social media video before Sunday night’s game, he spoke of companies selling “smaller-than-usual products where the price stays the same.” He opposes this behavior and is...
Read moreLuis Miguel It appears the globalists at Davos have found themselves a new bright, shiny object to take hold of their attention. As a recent report at CNBC notes, this year’s World Economic Forum (WEF) has seen a marked shift away from the buzz surrounding cryptocurrencies that characterized previous years, with a new focus being placed on artificial intelligence. The...
Read moreWikipedia/Public Domain Today marks the 250th anniversary of the “Boston Tea Party,” when 342 chests — with nearly 100,000 pounds of tea — were dumped by the Sons of Liberty off three ships in Boston Harbor, on December 16, 1773. That event touched off a series of actions and reactions that led eventually the 13 British Colonies to declare their...
Read moreFeverpitched/iStock/Getty Images Plus In recent years, the American dream of homeownership has become increasingly elusive, even for those who could afford it just a few years ago. As reported by The Wall Street Journal today, the real estate market experienced an unprecedented boom during the pandemic. That might be explained by people moving out of the states with stringent pandemic...
Read moreThis article was written by Brandon Smith and originally published at Birch Gold Group Several years ago I predicted that the US would ultimately be confronted with the debilitating economic conundrum of stagflation, something which the nation had not seen since the 1970s. I suggested that stagflation would become a household word again and that the majority of American concerns would...
Read moreThe signs are multiplying that the US and Israel are headed for some sort of mega black swan event. The result will be that both countries cease to exist in their present format. That is because the Federal Reserve Board -the fountain of power for the Satanists- is on the verge of collapse. If it goes, then everything under it,...
Read moreG0d4ather/iStock/Getty Images Plus Are Americans better or worse off under a Joe Biden presidency? For many, the determining factor is the state of their pocketbooks. According to a survey of consumer sentiment published Friday by the University of Michigan, inflation expectations are markedly up, with consumers expecting inflation to run at 4.2 percent 12 months from now, in contrast to...
Read moreAP Images Nicholas Burns During an interview with Bloomberg Television on October 19, U.S. ambassador to China Nicholas Burns urged the Chinese government to condemn terrorism by Hamas, arguing that Beijing’s stance toward the group was another major division in already-deteriorating bilateral ties between China and the United States. President Joe Biden reinforced America’s strong support for Israel during a...
Read moreThe Big Bond Bubble is bursting rapidly now, and it’s taking everything down with it, thanks to Fed inflation forcing the demolition of all Fed recoveries at the same time. Originally posted at The Daily Doom. Wolf Richter is calling it a “bond bloodbath,” which he says is happening because delusions about the Fed’s fight with inflation are finally giving way....
Read moreVertigo3d/iStock/Getty Images Plus The federal government is now spending more to pay interest on the government’s gross debt of $33 trillion than it does on national defense, according to the U.S. Treasury’s monthly statement. The reported data totaled government receipts and outlays for fiscal year 2023 through August, noting that over $807 billion has been spent in interest on the nation’s...
Read morePolitics One a Penny, Two a Penny The joke of a recession is on the middle class, whose money means less than ever. Credit: RomanR Recession or no recession, many Americans have taken the economic stress of the last few years on the jaw. While inflation slows, the Wall Street Journal reports this week that the Fed’s interest rate hikes...
Read moreAP Images Seven Republicans showed up for the Republican presidential debate Wednesday night at the Ronald Reagan Library in Simi Valley, California, and had a spirited debate with each other over the issues and which of them is the best choice for the Republican nomination. But they also had to debate the moderators from Fox Business, who appeared to believe...
Read morebin kontan/iStock/Getty Images Plus The House Financial Services Committee has been busy of late. On Wednesday, September 20, no fewer than 11 separate pieces of legislation were passed out of committee, a number of which have very positive ramifications for the cause of liberty. Perhaps the most important is H.R. 5403, the “CBDC Anti-Surveillance State Act,” which would ban the...
Read moreChina has a larger plan to expand the world’s use of its currency, use that is still very little. President Luiz Inacio Lula da Silva proposes, in practice, that Argentina pay for part of its purchases from Brazilian companies in yuan, a very small part. In 2023, the Argentine people can use Chinese currency to pay for the equivalent of...
Read morealancrosthwaite/iStock/Getty Images Plus The federal government — including the legislative, executive, and judicial branches — has for decades implemented and enforced unconstitutional and increasingly-socialist policies. These policies and programs have significantly increased the size of government, and are pulling our Republic away from the U.S. Constitution and its founding principles as enshrined in the Declaration of Independence. However, the situation...
Read moreOriginally published in The Daily Doom. In this weekend’s “Deeper Dive” I laid out the facts and meaning of our first notable rise in unemployment. Today, I present for everyone a graph showing that, based on a recession indicator that has almost never failed to be SPOT ON, we are now entering a recession. Since we entered a recession (based on the...
Read more"Fractional Reserve Banking" was created by the Federal Reserve. The Federal Reserve is OWNED BY PRIVATE BANKERS and is not a government entity. The private bankers spared no cost to remove the US from the gold standard then they started devaluing the dollar and pocketing the profit....
Read moreDNY59/iStock/Getty Images Plus The opening remarks by Federal Reserve Chairman Jerome Powell at Jackson Hole on Friday put Wall Street back to sleep. He said that the Fed is “prepared to raise rates further if appropriate.” That signaled market watchers that the rise in stocks since March will likely continue. The benchmark S&P 500 Index has leapt 15 percent in...
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